Question

Given the given cost function C(x)=5350+700x+1.5x2C(x)=5350+700x+1.5x2 and the demand function p(x)=2100p(x)=2100. Find the production level that...

Given the given cost function
C(x)=5350+700x+1.5x2C(x)=5350+700x+1.5x2 and the demand function p(x)=2100p(x)=2100.

Find the production level that will maximize profit.??

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Given the given cost function C(x)=2600+590x+1.2x2 and the demand function p(x)=1770 Find the production level that...
Given the given cost function C(x)=2600+590x+1.2x2 and the demand function p(x)=1770 Find the production level that will maximize profit.   
If C(x) = 14000 + 600x − 0.6x2 + 0.004x3 is the cost function and p(x)...
If C(x) = 14000 + 600x − 0.6x2 + 0.004x3 is the cost function and p(x) = 1800 − 6x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.)
The cost function C and the price-demand function p are given. Assume that the value of...
The cost function C and the price-demand function p are given. Assume that the value of C(x) and p(x) are in dollars. Complete the following. C(x) = x2 100 + 7x + 3000; p(x) = − x 40 + 5 (a) Determine the revenue function R and the profit function P. R(x) = P(x) = (b) Determine the marginal cost function MC and the marginal profit function MP. MC(x) = MP(x) = Here is a picture of the problem: https://gyazo.com/b194ec1a9b7787b8b81ad12388ff915e
For the given cost function C(x)=57600+300x+x2C(x)=57600+300x+x2 find: a) The cost at the production level 1500      b)...
For the given cost function C(x)=57600+300x+x2C(x)=57600+300x+x2 find: a) The cost at the production level 1500      b) The average cost at the production level 1500     c) The marginal cost at the production level 1500     d) The production level that will minimize the average cost     e) The minimal average cost
Find the price that will maximize profit for the demand and cost functions, where p is...
Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost. Demand Function      Cost Function p = 78 − 0.1 Sqared Root (x)*** x ***      C = 33x + 550 $ ______per unit
1. Suppose you’re given the following: a) the demand equation p for a product, which is...
1. Suppose you’re given the following: a) the demand equation p for a product, which is the price in dollars, and x is the quantity demanded b) C(x), which is the cost function to produce that product c) x ranges from 0 to n units Q. Describe briefly how you would maximize the profit function P(x), the level of production that will yield a maximum profit for this manufacturer.
a) The Cost of selling widgets is given by the cost function c(x)= 4x+10. The price...
a) The Cost of selling widgets is given by the cost function c(x)= 4x+10. The price of each widget is given by the function p= 50-0.05x. A) How many widgets must be sold to maximize profit? B) What will be the Maximum Profit? C) What price per widget must be charged in order to maximize profit.
1 point) The price-demand and cost functions for the production of microwaves are given as p=280−x40p=280−x40...
1 point) The price-demand and cost functions for the production of microwaves are given as p=280−x40p=280−x40 and C(x)=20000+100x,C(x)=20000+100x, where xx is the number of microwaves that can be sold at a price of pp dollars per unit and C(x)C(x) is the total cost (in dollars) of producing xx units. (A) Find the marginal cost as a function of xx. C′(x)C′(x) =   (B) Find the revenue function in terms of xx. R(x)R(x) =   (C) Find the marginal revenue function in terms...
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 400 − 1/2x dollars, and the average cost of production and sale is C = 100 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $  per unit (c) What is the maximum profit? $ The weekly demand function for x units of a product sold by only one firm is...
The Mont Bed Co. has a demand function as follows: P= 1760-12x And the cost function...
The Mont Bed Co. has a demand function as follows: P= 1760-12x And the cost function is : TC = 1/3x3 -15x + 24000 a. find the level of output to maximize profit b. what price should be charged c. compute the amount of total profit d. compute the point of elasticity of demand at the profit_ maximizing level of output e. what is the amount of fixed cost
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT